Ueno Bank depositors paid; ex-president Peña detained in bank crisis fallout
Published 7 h ago1 sourceEvidence: Reported
Paraguay's ruling Colorado Party expelled President Santiago Peña over the Ueno Bank collapse, which left nearly 3 million savers without access to funds. Peña remains detained as investigations into his ties to the bank continue. This marks a significant political rupture within the ruling party and deepens the institutional crisis.
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Paraguayan President Santiago Peña has been expelled from the ruling Colorado Party following the Ueno Bank collapse and his alleged ties to the scandal. This action, confirmed by multiple sources, represents a significant internal party rupture and a reassertion of control by former President Horacio Cartes, though the constitutional and political implications remain uncertain.
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